article thumbnail

AR Data Management, AR Automation, & Accelerating Cash Flow

Your Virtual Credit Manager

Email us to learn how the experts at Your Virtual Credit Manager can help you clean up your AR Ledger and increase cash flow by improving your Collection Process. The first month after we automated a few basic tasks to supplement our accounting package, we realized an increase in collections of 30 percent.

article thumbnail

It's Time for a Layered Approach to Collections

Your Virtual Credit Manager

The evolution of Accounts Receivables (AR) automation has revolutionized our collection strategies. Manual collection processes centered on an aged accounts receivable trial balance (ARTB) lack the regimentation and efficiency brought about by automation. What do you need help with?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rising Interest Rates’ Impact on Accounts Receivable

Lockstep

Using technology to gain efficiencies in accounts receivable is a great way to leverage your own cash over borrowing from banks when the credit lines are tightening, and interest rates are increasing. Enter AR Automation. With automation, teams don’t have to write the same email or letter to customers.

article thumbnail

Three More Ways to Reduce Your Outstanding Accounts Receivable

Lockstep

A credit manager may hold collection representatives accountable for placing a specific number of phone calls each day or week, or maintain a defined level of outstanding receivables which aligns to key performance indicators. . Leverage AR Automation. Enter Award-Winning Lockstep . Start with Lockstep Today!

article thumbnail

Three Ways to Reduce Your Outstanding Accounts Receivable

Lockstep

Leverage AR Automation . Many of the time-consuming processes, AR teams face today can be automated or simplified to the point where they are much easier to manage. This includes invoice and statement delivery, due date reminders, and past due collections communications. . Enter Award-Winning Lockstep .